LEGISLATIVE ACTIVITY On October 17, President Barack Obama signed a FY 2014 Continuing Resolution / Debt Ceiling stopgap agreement (H.R. 2775 / P.L. 113-46) that funds the federal government at current sequester levels through January 15, 2014 and suspends the nation’s debt limit through February 7, 2014 (although this may be extended for a short … Continue Reading
LEGISLATIVE ACTIVITY The 16-day government shutdown ended in the wee hours of Thursday, October 17 when President Barack Obama signed H.R. 2775 ( P.L. 113-46) after it was approved by the Senate (81-18) and the House (285-144). The legislation encompassed an agreement reached last Wednesday, October 16, between Senate Majority Leader Harry Reid (D-NV) and … Continue Reading
Legislative Activity This past week has seen the evolution of the federal government shutdown and the slow emergence of a potential framework for a deal. Late in the week, President Barack Obama met separately with Senate Democrats, Senate Republicans, House Democrats and House Republicans. While President Obama continues to maintain he will not negotiate on … Continue Reading
Legislative Activity Senators Submit Tax Reform Letters to Finance Committee; Promised 50 Year Secrecy on Tax Expenditure Submissions Senate Finance Committee Chairman Max Baucus (D-MT) and Ranking Member Orrin Hatch (R-UT) asked their Senate colleagues on June 27 to provide proposals in response to a “blank-slate” approach (i.e., assuming elimination of all tax expenditures from … Continue Reading
Legislative Activity Senate Tax Writing Committee Continues Meetings on Reform The Senate Finance Committee has continued its series of closed-door committee meetings on tax reform, recently issuing an options paper addressing charitable and tax-exempt organizations. The most recent paper is available here. The Committee’s paper on charitable and tax-exempt organizations was the ninth topic covered … Continue Reading
